Gold prices rose to a maximum of almost month on Friday, driven by safe demand, since geopolitical tensions intensified in the Middle East after attacks on the panoramic scale of Israel in Iran.
Spot Gold increased 1 percent to $ 3,417.59 per ounce, axis or 0803 GMT, after reaching its highest point from April 22 before the session. Bullion has won more than 3.2 percent so far this week.
US gold futures. Uu. They won 1 percent at $ 3,438.00.
The Middle East was pushed to a renewed conflict after Israel launched attacks on the panorama scale against Iran, saying that he went to nuclear facilities, ballistic missile factories and military commands and that was the beginning of a prolonged operation to prevent.
Iran launched about 100 drones to Israeli territory in retaliation.
The growing tensions add another layer of uncertainty of the market, arriving immediately after the commercial policies of US President Donald Trump.
“For now, the attacks add to the bullish mood in the gold market … Since the situation is very fluid, it is too early to know if this clash will load the prices of the elevators,” said Carsten Menke, Julius Baer analyst.
“If there were interruptions in oil supplies, either directly due to attacks or indirectly due to political measures imposed, or if the conflict extends in the region, then Golden shows a more lasting reaction.”
Gold is used as safe investment times of geopolitical and economic uncertainty. It also tends to prosper in a low interest rate environment.
In other places, a consumer price index report (CPI) on Wednesday showed fresher data than expected for May, followed by other data on Thursday indicating that the US producer. UU. Prose less than expected.
The demand for physical gold was weakened in the main Asian centers this week as Soing prices deterred buyers, and rates in India increase is adjusted to the key psychological brand of 100,000 rupees.
Spot Silver fell 0.2 percent to $ 36.31 per ounce, platinum lost 1.6 percent to $ 1,274.50 and the paladium spilled 0.5 percent to $ 1,060.44. The three metals were established for weekly profits.